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Author Topic: Do you think BTC would rise again?  (Read 1320 times)
doomloop
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March 09, 2023, 06:02:32 PM
 #81

There were at least 2 big scandals last year that had a significant impact, namely LUNA and FTX, of course this makes investors continue to be vigilant, I'm sure if there is no big scandal this year then the price will recover at the end of the year, of course this is my prediction and I hope it's true so we can get it soon selling bitcoins.
If they only invest in Bitcoin, they will be fine because Bitcoin can always recover but if they invest on Luna and FTT coin, they will be doomed if they haven't sold their coins after the collapse of these two companies. Such scandals are normal and can happen at any times but let us still pray that they won't happen this year and next year.

They must let people to recover first and once we profited, that would be the time for them to come. They can affect the market badly but people can just use that opportunity for buying more coins. If we are investing in new coins, it's important to be vigilant so that you can sell your coins quickly before the situation gets worse.

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March 09, 2023, 07:08:30 PM
 #82

Yes, I think Bitcoin has the internal force of being always ready to rise again at any time. Because bitcoin is not in any restrictive framework for that. Don't forget that we have seen how bitcoin has gone up in price in the past and in fact, seeing the "1 trillion asset" in 2021, just believe and wait patiently, bitcoin will rise again. and will continue to hit new ATH in the future.


There is no doubt that bitcoin has a solid community and is spread all over the world, whatever has been done cannot prevent the progress of bitcoin, the price drop that is happening at this time is normal and soon the price will skyrocket again, what we do is simple, keep going buy and don't panic when you see FUDs or price drop.

FUD is only made to reduce the psychology of traders who are too panicked. The more FUD, the more people will panic to sell it. Even though when FUD arrived it was the right time to start buying, monitoring and buying at a fairly cheap price. Like now Bitcoin has decreased in price to touch the price of $ 21k again even though a few weeks ago Bitcoin reached its highest price for the last 6 months at a price of $ 25k. Bitcoin is on a correction and we need to monitor it to start buying again.

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March 09, 2023, 08:17:19 PM
 #83

The market is droping, to me is a correction towards the break out zone since January, basically the major correction has started today by having Bitcoin break a major daily support level at 21k since we last kissed the $25k zone and currently it trading between $20k. The price has started to react to Powell's statement last Tuesday's Fed's briefing on interest rate, which he said rates are likely going to be higher than previously predicted.  From here I'm closely watching the price to go touch a strong support level at $19k-$18k, and if these support levels are able to hold, I do think it might be the last opportunity in the market to get cheap Bitcoin at this price before the Next ATH.

R


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March 10, 2023, 03:11:56 AM
 #84

Bitcoin marketcap is currently around $390 billion and in my opinion this is a very large value, investors certainly will not let bitcoin continue to drop and they will try to pump in the hope of adding new users and they get profit, this kind of strategy is effective so I believe the bitcoin trend will immediately rise again and this year I'm sure I can touch at least $ 40k.



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noormcs5
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March 10, 2023, 05:28:07 AM
 #85

Bitcoin marketcap is currently around $390 billion and in my opinion this is a very large value, investors certainly will not let bitcoin continue to drop and they will try to pump in the hope of adding new users and they get profit, this kind of strategy is effective so I believe the bitcoin trend will immediately rise again and this year I'm sure I can touch at least $ 40k.

That is not how the market behaves and big investors & whales have the least concern about the retailers. They pump and dump the market only for their own benefit and in the process, the retailers sell at the bottom and buy at the top.

Bitcoin will rise again but right now the sentiments are very bearish and i am afraid we might make another low below to the previous low of 15800$ bitcoin price. If this happens, it will not be good for the bitcoin market and also it will take a lot of time to recover from this bear phase.

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March 10, 2023, 06:16:45 AM
 #86

Yes, I think Bitcoin has the internal force of being always ready to rise again at any time. Because bitcoin is not in any restrictive framework for that. Don't forget that we have seen how bitcoin has gone up in price in the past and in fact, seeing the "1 trillion asset" in 2021, just believe and wait patiently, bitcoin will rise again. and will continue to hit new ATH in the future.


There is no doubt that bitcoin has a solid community and is spread all over the world, whatever has been done cannot prevent the progress of bitcoin, the price drop that is happening at this time is normal and soon the price will skyrocket again, what we do is simple, keep going buy and don't panic when you see FUDs or price drop.
Price corrections that occur are quite reasonable in the market especially when investor interest in bitcoin begins to decline slightly, but in fact the current price decline actually provides an opportunity for us to buy, the fluactive movement of bitcoin prices clearly provides an opportunity for us to be able to benefit when prices rise , currently the price of bitcoin is at $19,950, if we buy now and save for the next few months of course at least if the price rises then we will get a few percent of profits later.

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March 10, 2023, 08:36:08 AM
 #87

If a high recovery will not come this year and will only occur in 2024, we have to hold on as hard as we can and not give up holding bitcoin and continue to buy bitcoin at many other low prices. And when the recovery high is reached, we will see the next ATH price, which will be higher than the previous ATH.

We can never be sure, 2020 was the last halving year and Bitcoin got hit badly due to the covid-19 crisis that so many businesses and market record losses including the cryptocurency market, it did recover back but many people lost since they panic and sold their holdings. Who knows what 2024 holds, we could experience another financial market melt down.

The Chinese government could still come out with another banning on Bitcoin or other associated services to the cryptocurrency market that could bring about FUD again in the market. So we can never be sure although all this are speculation but in the long run, the market will return bullish at some point which from history points towards 2025.
The bitcoin price has been hit hard again as we see a deeper decline in the market. This may surprise some people as they did not expect to see the current prices. But we can't do anything because it is the market will but we can get more opportunities to buy at the current price.

The ban could happen anytime and not just from China but won't weaken the crypto in the future. And it's like a way to reset market conditions to get rid of failed products in the market so that the market can be more conducive. And after all the negative news comes out, the market starts to move and fluctuate, which will provide an opportunity for the market to start increasing. But we can still speculate and guess where bitcoin will go even though we don't know.

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March 10, 2023, 09:30:28 AM
 #88

Bitcoin marketcap is currently around $390 billion and in my opinion this is a very large value, investors certainly will not let bitcoin continue to drop and they will try to pump in the hope of adding new users and they get profit, this kind of strategy is effective so I believe the bitcoin trend will immediately rise again and this year I'm sure I can touch at least $ 40k.

That is not how the market behaves and big investors & whales have the least concern about the retailers. They pump and dump the market only for their own benefit and in the process, the retailers sell at the bottom and buy at the top.

Bitcoin will rise again but right now the sentiments are very bearish and i am afraid we might make another low below to the previous low of 15800$ bitcoin price. If this happens, it will not be good for the bitcoin market and also it will take a lot of time to recover from this bear phase.
Though we thought about market volatility and everything is possible. However, with the current situation and price trend, we are likely moving high back again. Staying the price above $20k for a few weeks, we only have a very slim chance to fall down below $20k. This month showing not really impressive market growth but at least we have some signs of a growing price in the next quarter.

One year had passed already when the bear season strike and we are actually expecting recovery which is likely what we are seeing now. More positive views we possibly see this year and the coming years as halving come next and ready for bull season.

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March 10, 2023, 01:56:49 PM
 #89

If they only invest in Bitcoin, they will be fine because Bitcoin can always recover but if they invest on Luna and FTT coin, they will be doomed if they haven't sold their coins after the collapse of these two companies. Such scandals are normal and can happen at any times but let us still pray that they won't happen this year and next year.

They must let people to recover first and once we profited, that would be the time for them to come. They can affect the market badly but people can just use that opportunity for buying more coins. If we are investing in new coins, it's important to be vigilant so that you can sell your coins quickly before the situation gets worse.
I think that's the problem, people see other stuff crashing and they think something wrong with bitcoin. No, just because luna got screwed doesn't mean that bitcoin will stay low, there is no way.

I think we are not where we should be and that's definitely a sad situation there is absolutely no wrong thing there, but that doesn't change the fact that it is actually pretty nice for the future because we already bottomed out and anyone who bought around these prices will profit in the future. These "bad" stuff that happens in the market crashes the market hard, but that only gives us a chance to buy cheaper, with a discounted price, so we could profit later on.

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March 10, 2023, 03:54:17 PM
 #90

Bitcoin marketcap is currently around $390 billion and in my opinion this is a very large value, investors certainly will not let bitcoin continue to drop and they will try to pump in the hope of adding new users and they get profit, this kind of strategy is effective so I believe the bitcoin trend will immediately rise again and this year I'm sure I can touch at least $ 40k.

What are you talking about? What investor will not let bitcoin drop anymore and will pump it back to everyone to take profit? This is the financial market, and it's almost like gambling, meaning there will be winners and losers. The market makers aren't rich enough to give people free money, what's going on is what they want, they want us to panic sell, they want our money. If you continue being naive, you will soon lose all your money in the market.
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March 10, 2023, 04:11:19 PM
Merited by errorcode99 (1)
 #91

Bitcoin marketcap is currently around $390 billion and in my opinion this is a very large value, investors certainly will not let bitcoin continue to drop and they will try to pump in the hope of adding new users and they get profit, this kind of strategy is effective so I believe the bitcoin trend will immediately rise again and this year I'm sure I can touch at least $ 40k.
I hope you're not joking at this point, because if you haven't seen the market at this point or in the past two days, try stopping by the market once in a while and watch as the Bitcoin price continues to decline in the past two days to below $20K. So how do you know that there are investors who won't let Bitcoin continue to decline? Even though in fact now Bitcoin is still experiencing a relentless price drop as if no new buyers have come to the market in the past two days.

What are you talking about? What investor will not let bitcoin drop anymore and will pump it back to everyone to take profit? This is the financial market, and it's almost like gambling, meaning there will be winners and losers. The market makers aren't rich enough to give people free money, what's going on is what they want, they want us to panic sell, they want our money. If you continue being naive, you will soon lose all your money in the market.
I also don't know what he (@Lubang Bawah) is talking about right now, and even I don't think he has seen the market in two days so still think investors won't let Bitcoin fall by attracting new people into the market. To be honest, that sounds like a joke to me because I never thought that investors only want a boost in Bitcoin, even though everyone knows that investors also like to buy Bitcoin at low prices before taking profits later. So how come the investors don't let the Bitcoin price fall, while the Bitcoin price in the past two days has actually fallen back.
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March 10, 2023, 04:36:57 PM
 #92

Bitcoin's lowest area last year was $15.5K, which means we have seen good gains in recent months although in recent weeks the declines have seemed worrying.

Profits were made during January to mid-February, but since bitcoin couldn't stay above $25K then I thought a drop was inevitable. After all, FUD worsened market conditions, traders panic was inevitable and the correction in the last few days was the impact. I took a fair amount of losses on the corection, but I tried to be patient and avoid the temptation to cut my losses. I'll hodl because I'm sure the market will recover.

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March 10, 2023, 06:22:52 PM
 #93

I think Bitcoin has the support of enough billionaires and Wall Street fund managers that it will likely rise again even if nobody is using it. Folks are stacking and I think rich folks with investment income are going to propel BTC to six figures no matter what happens. The market is too small with too much support to not bubble up every four years. This coming recession will be the biggest test for BTC’s price ever.

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March 10, 2023, 06:51:33 PM
 #94

I think Bitcoin has the support of enough billionaires and Wall Street fund managers that it will likely rise again even if nobody is using it. Folks are stacking and I think rich folks with investment income are going to propel BTC to six figures no matter what happens. The market is too small with too much support to not bubble up every four years. This coming recession will be the biggest test for BTC’s price ever.

Also I would like to add that the market being too small (in relation to the potential future market size) is exactly the reason why we have such scary downswings every now and then, which people like to label "bubble popping". The secret to investing in Bitcoin is not to sell out of panic. Just to hold tight, zoom out on the chart to a monthly time period and wait for the next all time high for Bitcoin price to start.

Right now is one of the best times to buy more Bitcoin -> thats how I think.


 

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March 10, 2023, 09:43:41 PM
 #95

Bitcoin's lowest area last year was $15.5K, which means we have seen good gains in recent months although in recent weeks the declines have seemed worrying.

Profits were made during January to mid-February, but since bitcoin couldn't stay above $25K then I thought a drop was inevitable. After all, FUD worsened market conditions, traders panic was inevitable and the correction in the last few days was the impact. I took a fair amount of losses on the corection, but I tried to be patient and avoid the temptation to cut my losses. I'll hodl because I'm sure the market will recover.
The market took over 2 months to reach a recovery price of $25k but it took less than 2 weeks to drop significantly without any recovery, March this year has not been very lucky for the crypto market and FUD news dominates to trigger a price impact, we expect early Q2 is a high chance of recovery from the current price, the market needs good news to stop the market panic.

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March 11, 2023, 06:08:47 AM
 #96

There is no doubt that bitcoin has a solid community and is spread all over the world, whatever has been done cannot prevent the progress of bitcoin, the price drop that is happening at this time is normal and soon the price will skyrocket again, what we do is simple, keep going buy and don't panic when you see FUDs or price drop.

That's true, the community are the force behind Bitcoin progress, they continuously buy Bitcoin and this give it more relevance. Bitcoin has given the community a reason for it to be trusted as it has survive all this years even when everyone thought this will be the end, Bitcoin still rose and got more higher. This behavior has give investors a reason to trust the currency.

It doesn't really matter how dip Bitcoin falls, it won't be the first time and probably won't be the last so instead of worrying if the coin will rise back up, just keep accumulating because it surely does after it has found its bottom.

R


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March 12, 2023, 10:25:29 AM
 #97

This question seems to be very silly. How would you ask such a question, let say, to me is just like asking if bitcoin will exist again and off course it will rise again, have you seen the blood split over 2017/18? At then what would you think, meaning you will say bitcoin is dead if not saying is gone. Despite how exposed we are or how knowledgeable we think of there are some certain questions which we don't need to asked being that is been 14 years now bitcoin was created and we have never experienced any price stagnation rather it goes up and down, and whenever it goes down you might feels no hope for bitcoin likewise when is up you might think nothing is like dip in the market. Enjoy the very best of it so you could have to share your experience just I have done now.
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March 12, 2023, 10:35:54 AM
 #98

Just a look at the monthly trend of bitcoin price over the 8 years , you will see a positive trend and will eventually see an uptrend and eventually  beat its all-time high of 64,000 USD
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March 12, 2023, 02:11:43 PM
 #99

Judging from the long period of time BTC has not accumulate any impression, I doubt if people are still investing because of many policies formulating against cryptosystem no industries and firm wants to risk their capital again. Would the system remains this way?

Normally I understand this wasn't the first time BTC has experience this down slide but then it was normally market situations but now many billionares has withdrew interest in this project, then what is the hope of this project? Do you think BTC will experience better and high price?
every year, the price of bitcoin cannot be predicted but the pattern is easy to read, if we talk about the opportunity for a continuous increase in the price of bitcoin then it is certain and I am sure it will happen. Remember that a few months before Bitcoin's 4th halving day circle, the price will definitely go up and it will be a few more months.

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March 13, 2023, 03:12:36 AM
 #100

Judging from the long period of time BTC has not accumulate any impression, I doubt if people are still investing because of many policies formulating against cryptosystem no industries and firm wants to risk their capital again. Would the system remains this way?
you are free to deliver your thoughts here but what i wanna tell you is that since you have that impression and also have those beliefs? then why still here? better find other place to conduct your business and let us bitcoin supporter maintain our dealings.
Quote
Normally I understand this wasn't the first time BTC has experience this down slide but then it was normally market situations but now many billionares has withdrew interest in this project, then what is the hope of this project? Do you think BTC will experience better and high price?
seeing your account is just new, but your thoughts and views seems like you have been here for long so if does then why having these doubts?

did not bitcoin shown you enough of how this can grow after every fall?

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